Business News Desk

triple whammy

Finance panel flags ‘triple whammy’ risk from oil surge, urges energy mitigation framework

India’s economic planners are sounding the alarm over rising global oil prices, with the Finance Panel warning of a ‘triple whammy’ risk that could destabilize the country’s fiscal balance, trade dynamics, and inflation trajectory. The panel has urged the creation of a comprehensive energy mitigation framework to shield the economy from external shocks and ensure…

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AI

Study finds 9 out of 10 companies are happy to replace humans with AI if given a chance

A recent study has revealed a striking trend in the global corporate landscape: nine out of ten companies would willingly replace human workers with artificial intelligence (AI) if given the opportunity. This finding underscores the accelerating pace of automation and digital transformation across industries, raising questions about the future of work, employment, and human-machine collaboration….

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IIT Guwahati

IIT Guwahati creates material for sustainable hydrogen, drinking water

India’s scientific community has achieved a breakthrough as IIT Guwahati researchers have developed a novel material capable of producing sustainable hydrogen while simultaneously purifying drinking water. This innovation addresses two of the most pressing global challenges—clean energy generation and access to safe drinking water—through a single integrated solution. The Significance of the Innovation Hydrogen is…

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IEX

IEX moves closer to coal exchange launch; board gives in-principle nod

India’s energy sector is on the brink of a major transformation as the Indian Energy Exchange (IEX) has moved closer to launching a coal exchange, with its board granting in-principle approval. This development marks a significant milestone in the country’s efforts to modernize coal trading, improve transparency, and streamline supply chains for one of its…

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Reliance

Reliance, Samsung sign $3-billion contract for green ammonia supply

India’s clean energy ambitions have received a major boost with Reliance Industries Limited (RIL) and Samsung signing a $3-billion contract for the supply of green ammonia. This landmark agreement marks one of the largest global deals in the renewable energy sector, positioning India as a key supplier of sustainable fuels to international markets. The partnership…

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Adani

Adani commits Rs 2 lakh crore annually to shield India’s energy and trade networks

India’s energy and trade infrastructure is set for a transformative leap as the Adani Group has announced an annual commitment of Rs 2 lakh crore to strengthen and safeguard the nation’s energy and trade networks. This unprecedented investment underscores Adani’s vision of building resilient systems that can withstand global disruptions, ensure energy security, and enhance…

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KKR

KKR to invest $310 million in Allfleet, PMI Electro to scale e-bus platform in India

The global investment landscape is witnessing a significant shift toward sustainable mobility, and India is emerging as a key player in this transformation. In a landmark development, KKR, one of the world’s leading investment firms, has announced a $310 million investment in Allfleet, while PMI Electro is set to scale its electric bus (e-bus) platform…

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Nithin Kamath

Why Zerodha’s Nithin Kamath Avoids Using Net Banking Apps on His Smartphone

Zerodha’s founder and CEO, Nithin Kamath, has revealed that he avoids using net banking apps on his smartphone due to concerns over privacy, security, and excessive permissions demanded by these applications. His stance has sparked discussions in the fintech and banking community about the balance between convenience and cybersecurity in India’s digital financial ecosystem. Reasons…

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Rupee Falls

Rupee Falls 12 Paise to Settle at Record Low of 92.40 Against US Dollar

The Indian rupee continued its downward trajectory, closing at a record low of 92.40 against the US dollar, a fall of 12 paise compared to the previous session. This depreciation underscores the mounting pressure on India’s currency markets, driven by strong global demand for the dollar, elevated crude oil prices, and persistent foreign capital outflows….

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Central Mine

Central Mine Planning IPO GMP Signals 13% Listing Pop! Can This Coal India-Backed Offer Break Primary Market Jinx?

The upcoming Central Mine Planning & Design Institute (CMPDI) IPO, backed by Coal India, has generated significant buzz in the primary market. With the grey market premium (GMP) signaling a potential 13% listing pop, investors are keenly watching whether this offer can break the jinx of muted listings that have plagued several recent IPOs in…

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